Don't they have to take them count them and deposit them in my account? I did that once and the teller looked at me strange and said we don't have a machine to count these. So I went home and rolled them. But if the coins are legal U.S. money don't they have to take them as a deposit by law? Just wondering.
2007-11-28 06:45:40 · 7 answers · asked by en tu cabeza 4 in Business & Finance ➔ Personal Finance
I live in a decent size town with at least a dozen banks.
2007-11-29 00:10:25 · update #1
hey gorgeous beast you made me laugh. good one.
2007-11-29 00:12:28 · update #2
Most banks require that coins be rolled and with your account number on it, so if it's short then they take it out of your bank account. Just imagine you are a teller, somebody comes in with a five gallon Alhambra bottle full of coins, are you going to sit there for 8 hrs. counting coins just because you are a customer.....NOT!!!! Not to mention that they are responsible for the count.......
Here's another scenario......Your working, (let's say, Macy's) somebody comes to your counter with $300 in clothes, they break out with $300 in pennies what are you going to do??? It's legal tender!!!!
Not only the person behind the counter is going to look at you crazy but everybody around you is going to look at you crazy....I know I would.....
That's why they have those coin star machines at the grocery store. So if you are too lazy to roll the coins then go to one of those machines.......
So use your cabeza next time you go to the bank......
2007-11-28 07:02:29 · answer #1 · answered by adevilchild38 5 · 2⤊ 1⤋
I can't believe that the best answer is that the bank has to manually count coins.. whomever wrote this should use their brain. We live in a mechanized society . . There is a machine that counts sorts and rolls coins. Most big banks have one of these machines . But most banks are lazy and want discourage you from bringing a lot of coins . So they make you bring them in rolled with account number on roll. I usually take my coins to the casino as they will count and sort for 7% where most coin machines charge 10%.
2016-01-15 11:21:42 · answer #2 · answered by KEITH 2 · 0⤊ 0⤋
They don't have to count them for you. They also can legally charge you for taking coins if they want to, banks can charge a fee for services, so no, they don't just have to take them from you.
2007-11-28 06:53:48 · answer #3 · answered by theseeker4 5 · 0⤊ 0⤋
I haven't heard of a bank refusing to roll coin. I was told by my bank that they actually prefer you to bring them unrolled because they have to unroll them and count them to verify everything is there.
Do you live in a small town with only one bank? maybe you need to change banks.
2007-11-28 06:51:46 · answer #4 · answered by Invisigoth 7 · 2⤊ 1⤋
See, my bank likes them pre-rolled..?? It's all money, take it in and let them count it... you will be standing there alot longer... I would roll it up!
2007-11-28 06:54:32 · answer #5 · answered by ~Kim~ 6 · 0⤊ 0⤋
Coins don't say on them that they are legal tender like paper money does. I'm fairly certain pennies are not legal tender at all... Still it is their job to handle your moneys. if this happens again, fight them to the ends of the earth (but not a courtroom).
2007-11-28 12:01:20 · answer #6 · answered by Anonymous · 1⤊ 5⤋
i have never been refused -- i am not sure if it is against the law!!!
2007-11-28 06:54:09 · answer #7 · answered by Anonymous · 0⤊ 0⤋